U.S. Oks Qatar Petroleum/ExxonMobil to Ship U.S. NatGas to Non-FTA Nations from Texas The U.S. Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is jointly owned by Qatar Petroleum (70%) and
$22 million lease covers 56 million tons of coal in central Utah U.S. Department of the Interior Secretary Ryan Zinke announced the approval of a $22 million coal lease this week. The lease, located on the Greens Hollow tract in central Utah, was issued by the DOI to Canyon Fuel Company, LLC, a subsidiary of Bowie Resource Partners, LLC. On
From Fort McMurray Today The Fort McMurray wildfire hurt crude oil production, manufacturing and led to more than seven million lost work hours in Wood Buffalo, according to Statistics Canada data presented to the Fort McMurray Chamber of Commerce Thursday. However, some of Fort McMurray’s political leadership are confident the economic damage will be repaired through the rebuilding phase and
Looking to spur business activity in Scotland for decom projects Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure. The Decommissioning Challenge Fund (DCF) will support infrastructure upgrades and innovation in salvage and transport methods at Scotland’s ports and harbors. It will
From University of Missouri St. Louis AT&T (NYSE: T) CEO Randall Stephenson addressed a standing-room-only crowd during the CEO Speaker Series event moderated by UMSL College of Business Administration. AT&T today barely resembles the company that Randall Stephenson took over when he assumed the position of CEO in 2007. It remains hugely successful with more than $163 billion in revenue in 2016 and 33
From San Antonio Express-News/Houston Chronicle Jobs in Texas’ oil and gas industry rose at the end of 2016 for the first time in more than two years, another sign that the long-awaited recovery in the state’s energy sector is gaining traction. Texas added an estimated 3,000 oil and gas jobs in November and December, after shedding more than 100,000 during
The White House says it is focused on lifting climate-driven restrictions, developing $50 trillion in oil and gas, opening up federal lands and developing clean coal President Trump wasted no time moving forward his energy intentions. After being sworn in Friday morning, the Trump White House got started by posting memos that updated two top priorities – energy and jobs. The White
Marcellus, Utica natural gas producers take a step closer to U.S. Gulf Coast markets “The Marcellus and Utica basins – the fastest-growing natural gas supply region in North America – have the lowest development and production costs along with the highest growth prospects of any large basin on the continent.” That’s how TransCanada (ticker: TRP) characterized the upside for Appalachian
Optimism returns: WoodMac calls for $450 billion in upstream O&G project FIDs in 2017 According to Wood Mackenzie’s global upstream outlook for 2017, confidence will start to return to the oil and gas sector in 2017, with exploration and production spend set to rise by 3% to US$450 billion. The investment level is still 40% below the heady days of 2014,
Indeed releases its ‘Best Places to Work’ rankings International employment website Indeed serves more than 200 million people each month who are searching for jobs, posting resumes, and researching companies in 60 countries. According to Indeed’s research, visitors who were oil and gas sector employees, former employees and job seekers who visited Indeed.com who posted reviews of the oil and gas
Permian rig count growth a boon to Texas’s overall economy Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points in October to a level of 91.0. September’s index reading was 90.6. October’s index reading is 25%, above the index cyclical
Indeed finds volume of oil related job postings up triple digits in Wyoming, Alaska and Oklahoma Oil jobs are back. A report released yesterday by international job search engine Indeed is pointing to what looks like a real uptick for available jobs in portions of the oil patch. Since 2014, the U.S. labor market strengthened considerably while oil and gas extraction employment remained
